Author: Nathan Bissitt

One of Singapore’s giant sovereign wealth funds is weighing a £2bn joint bid for Cognita, the UK-based schools operator. Sky News understands that Temasek Holdings is working with an infrastructure fund managed by EQT, the Swedish private equity firm, on a

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Debenhams has issued a fresh profit warning, admitting sales are falling short of already lowered expectations amid the crisis facing the high street. Shares – already 43% down in the year to date – sank by 19% when the market opened as investors digested

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Water companies are in the dock over their handling of supply disruptions during the so-called “Beast from the East” cold snaps in February and March. A report by Ofwat found many households and businesses were badly let down – with just a few of the

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Britain’s big four accountancy firms ‎will be plunged further into the quagmire this week when their regulator highlights a decline in the quality of their audit work during the last year. Sky News has learnt that the Financial Reporting Council’s (FRC)

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The chief executives of three of Britain’s leading challenger banks – Paul Pester of TSB, Craig Donaldson of Metro Bank and David Duffy of CYBG – like to get together over dinner every so often to compare notes on what it is like locking horns in

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Shares in Norwegian Air soared almost 10% after the boss of Lufthansa said the German carrier was interested in making a bid for the low-cost airline.  Carsten Spohr told the German newspaper Suddeutsche Zeitung that there was “a new wave of consolidation

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The Treasury should commission an independent review of the tax burden imposed on entrepreneurs and the broader finance industry, a group of City chiefs will urge Philip Hammond this week. Sky News has obtained a letter, signed by the bosses of Britain’s biggest

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The chief executive of Audi has been detained by German authorities investigating the “dieselgate” scandal at parent firm Volkswagen. Prosecutors in Munich said Rupert Stadler – the most senior group official to be held since the emissions saga began

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Virgin Money has agreed to be taken over by Clydesdale and Yorkshire Banking Group (CYBG) in a deal worth £1.7bn that could result in 1,500 job losses. The banks, which had until 5pm on Monday to strike an agreement, said the combined group would “create the

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